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Cedar Grove, NM

Full City Profile · New Mexico · Bernalillo County County

3.4 /5.0
B Good
849 Population 66/sq mi density
$63,070 Median Income $47,296 per capita
$191,300 Home Value $371,900 Zillow
50°F Avg Temperature 318 sunny days/yr
106 Violent Crime/100K 2,192 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$63,070 median income, 4.5% unemployment
A+
Affordability
5.0 / 5.0
$191,300 home value, /mo rent
F
Safety
1.0 / 5.0
106 violent crimes/100K
B+
Education
3.8 / 5.0
34.7% bachelor's degree or higher

Housing Overview

Median Home Value
$191,300
32% below
US avg: $281,900
Homeownership Rate
89.7%
37% above US avg (65.4%)
Total Housing Units
595
Median year built: 1989

Home Value by Source

Census Median
$191,300
Zillow (ZHVI)
$371,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

89.7%
Owner-Occupied
10.3%
Renter-Occupied
90%
10%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$828/mo
1 Bedroom
$927/mo
2 Bedroom
$1,129/mo
3 Bedroom
$1,496/mo
4 Bedroom
$1,758/mo

Affordability & Housing Stock

Rent Burden
31.0%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
89.7%

Complete Housing Data

Home Values

Census Median Value$191,300
Zillow Home Value (ZHVI)$371,900

Rent

FMR Studio$828
FMR 1-Bedroom$927
FMR 2-Bedroom$1,129
FMR 3-Bedroom$1,496
FMR 4-Bedroom$1,758

Market

Ownership & Stock

Owner-Occupied89.7%
Renter-Occupied10.3%
Homeownership Rate89.7%
Total Housing Units595
Median Year Built1989
Rent Burden31.0%